ANNOUNCEMENT 31 Oct 2010

In October 2010, the German Export Crediting Agency announced its support of an export project concerning the delivery of a profile and rail production line to Russia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

AGA-Portal archive:
https://www.agaportal.de/main-navigation/exporte-exportkreditgarantien/praxis-exportkreditgarantien/projektarchiv-exportkreditgarantien

Inception date: 31 Oct 2010 | Removal date: open ended

Trade finance

The export loan was announced in October 2010 and finances the delivery of a profile and rail production line ('Lieferung einer Profil- und Schienenstraße') to Russia. The benefitting German exporter is SMS Meer GmbH.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 3. This cagegory includes projects with a financing value between 51 and 100 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 51 million EUR (71 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 10 years. The financing institution is Commerzbank AG, Frankfurt.

AFFECTED SECTORS

 
886

AFFECTED PRODUCTS

 
N/A